Spotify Goes Public

Discussion in 'Article Discussion' started by Melody Bot, Apr 3, 2018.

  1. Melody Bot Apr 3, 2018
    Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    Spotify went public today. Market Watch has some of the numbers:


    The stock’s first trade was at $165.90 at 12:43 p.m. ET for 5.7 million shares, according to FactSet, or 27% above the reference price of $132. The stock then rose to an intraday high of $169, before falling to a low of $148.48. The stock was recently 9.8% below its opening price in afternoon trade.
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  2. Saephon Apr 3, 2018
    Saephon

    Regular

    If only I had money to burn, I'd buy some of this. They're in a pretty stable spot and haven't (as far as I know) made any decisions to annoy their customers like Apple Music has.
     
  3. elroyo Apr 3, 2018
    elroyo

    Newbie

    in no way is this stock worth even remotely close to $100
     
  4. Casanova Frankenstein Apr 4, 2018
    Casanova Frankenstein

    Newbie

    I would stay away from it for now. Never good when your competitors are Apple and Amazon.
     
    Raku likes this.
  5. kevinjordan Apr 4, 2018
    kevinjordan

    This Wild Life Verified

    Truly hope they've got some way to make their model profitable without raising prices on users or lowering royalties on artists, but what the hell do I know
     
    Jason Tate likes this.